World oil prices rose Monday amid worries the risks a tropical storm posed to oil facilities in the Gulf of Mexico while the market remained preoccupied about slowing economic growth, dealers said.
New York's main oil futures contract, light sweet crude for September delivery, gained 74 cents to $114.51 a barrel after closing down $1.24 at 113.77 on Friday at the New York Mercantile Exchange.
Brent North Sea crude for October delivery gained 85 cents to $113.40. The contract dropped $1.13 to settle at $112.55 on Friday in London.
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World Oil Prices Surged Amid Output Worries
World oil prices rose Monday, boosted by the risks a tropical storm posed to oil facilities in the Gulf of Mexico
